Country Club Bank Lowers Stock Holdings in NextEra Energy, Inc. $NEE

Country Club Bank reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,989 shares of the utilities provider’s stock after selling 1,826 shares during the quarter. NextEra Energy accounts for approximately 0.8% of Country Club Bank’s portfolio, making the stock its 28th largest holding. Country Club Bank’s holdings in NextEra Energy were worth $13,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. KPP Advisory Services LLC grew its stake in shares of NextEra Energy by 12.9% in the second quarter. KPP Advisory Services LLC now owns 15,393 shares of the utilities provider’s stock worth $1,069,000 after purchasing an additional 1,761 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in shares of NextEra Energy by 1.3% in the second quarter. Confluence Wealth Services Inc. now owns 38,031 shares of the utilities provider’s stock worth $2,640,000 after purchasing an additional 472 shares during the last quarter. Gratus Wealth Advisors LLC grew its stake in shares of NextEra Energy by 4.1% in the second quarter. Gratus Wealth Advisors LLC now owns 3,873 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 153 shares during the last quarter. PUREfi Wealth LLC grew its stake in shares of NextEra Energy by 26.6% in the second quarter. PUREfi Wealth LLC now owns 12,831 shares of the utilities provider’s stock worth $891,000 after purchasing an additional 2,698 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in shares of NextEra Energy in the second quarter worth about $167,000. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NEE shares. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research note on Monday. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Finally, Mizuho set a $78.00 price objective on shares of NextEra Energy in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $85.08.

NextEra Energy Price Performance

NEE stock opened at $82.13 on Tuesday. The firm has a 50 day moving average price of $73.20 and a 200-day moving average price of $71.36. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00. The firm has a market capitalization of $169.13 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 79.37%.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.